SOWPub Small Business Forums  

Click Here to see the latest posts!

Ask any questions related to business / entrepreneurship / money-making / life
or share your success stories (and educational "failures")...

Sign up for the Hidden Business Ideas Letter Free edition, and receive a free report straight to your inbox: "Idea that works in a pandemic: Ordinary housewife makes $50,000 a month in her spare time, using a simple idea - and her driveway..."

Also, please no insults or personal attacks.
Feel free to link to your web site though at the end of your posts.

Stay up to date! Get email notifications or
get "new thread" feeds here


Go Back   SOWPub Small Business Forums > Main Category > SOWPub Business Forum
Register FAQ Members List Calendar Search Today's Posts Mark Forums Read

SOWPub Business Forum Seeds of Wisdom Forum

Thread Tools Display Modes
Prev Previous Post   Next Post Next
Old August 6, 2017, 12:27 AM
Dien Rice Dien Rice is offline
Onwards and upwards!
Join Date: Aug 2006
Posts: 2,653
Default A couple info-product business models...

Originally Posted by GordonJ View Post
I pay attention to coincidences. This week, 2 relatively new people asked me about my ten buck reports and if they make any money.

Fair enough. On release, they always pay for themselves. BUT, they also give me the most important part of this sales "formula"...

SATISFACTION, which gives me LIFETIME VALUE into the hundreds of dollars.

And if YOU build a family of products, go up the ladder (25 years before the so-called funnel concept) of INFO products, you could get to the 2 to 5k range with your workshops and seminars.

Ten bux, sort of like Jim Straw's PEANUTS on the bar analogy, hard to stop with just one. I may have 90% repeat buyers from the initial 10 bux they spend with me.

Does this answer that question?
Hi Gordon,

So, as I understand it, you're playing the "long game"...

You certainly have many fans, who are interested in getting anything that you write... (I'm in that category myself!)

So, you don't make money just from the sale of one product... Every new customer could also become a "fan" and also a prospect for your future products...

By the way, there seem to be two "models" here.

One model is you sell to the same customers over and over, with repeat purchases of different products (or through a subscription model, which is sort of similar)... I think this is the "lower risk" model...

The other model is selling the same product to new customers each time. I think this is harder to do, but people do get rich from it. Joe Karbo seemed to follow this model - as far as I know, he essentially had one book, "The Lazy Man's Way to Riches." He just kept finding new buyers... As long as he could spend less money finding each new buyer than he received from each sale, he could keep growing his money...!

Just "riffing" on the subject...

Best wishes,

Reply With Quote

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Forum Jump

Other recent posts on the forum...

Seeds of Wisdom Publishing (front page) | Seeds of Wisdom Business forum | Seeds of Wisdom Original Business Forum (Archive) | Hidden Unusual Business Ideas Newsletter | Hotsheet Profits | The Art of Leverage | The Success Report | Persuade via Remote Influence | Affia Band | The Entrepreneur's Hotsheet | The SeedZine (Entrepreneurial Ezine) | The Fly Low Collect Dough Update Hotline

Get the report on Harvey Brody's Answers to a Question-Oriented-Person

All times are GMT -4. The time now is 10:40 AM.

Powered by vBulletin Version 3.6.0
Copyright ©2000 - 2020, Jelsoft Enterprises Ltd.